This year has highlighted the need to be prepared for the unexpected. While mining sites are in general very resilient operations, this goes for miners too. FM Global group manager, account engineering Michael Beaumont writes.
If any of your locations are in the path of any forecasted hurricane-force winds or heavy rain, follow your emergency plan and be sure to take these steps, if they can be done safely, to help mitigate damage.
If we have one job as CFOs, it's protecting the value of our companies. One of the most insidious threats to corporate value is sudden disruption from events like fire, hurricane, flood, earthquake or cyber attack—disruption that is ostensibly insured. We tend to be vaguely aware of this risk, but rarely do we put numbers to it.